Picton Mahoney Asset Management Takes Position in Gold Fields Limited $GFI

Picton Mahoney Asset Management acquired a new position in Gold Fields Limited (NYSE:GFI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 378,713 shares of the company’s stock, valued at approximately $15,891,000.

A number of other institutional investors have also recently added to or reduced their stakes in GFI. Penserra Capital Management LLC bought a new stake in Gold Fields in the second quarter worth approximately $26,000. Country Trust Bank acquired a new stake in shares of Gold Fields in the 2nd quarter valued at $26,000. Archer Investment Corp bought a new stake in Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC acquired a new position in Gold Fields during the third quarter worth $45,000. Finally, Allworth Financial LP raised its holdings in Gold Fields by 31.8% during the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock valued at $48,000 after buying an additional 484 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Trading Down 11.6%

Shares of GFI stock opened at $51.23 on Wednesday. The stock has a 50 day moving average of $51.44 and a 200-day moving average of $43.79. Gold Fields Limited has a 12 month low of $18.45 and a 12 month high of $61.64.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Scotiabank upped their price target on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Citigroup lifted their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada decreased their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.